StateDeptcable1977-115049

Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 22 May 2009

Message Text

UNCLASSIFIED

PAGE 01 BUENOS 03984 31 2239Z
ACTION COME-00

INFO OCT-OI ARA-10 ISO-00 EB-07 PASS-00 /0I8 W

0IO337Z 012568/73

R3II736ZMAY 77
FM AMEMBASSY BUENOS AIRES
TO SECSTATE WASHDC 0713

UNCLAS BUENOS AIRES 3984

TO: MR. WILLIAM H. BRADLEY
VICEPRESIDENT

TAYLOR WILSON MANUEACTURING COMPANY
THOMPSON AVENUE
MC KEES ROCKS
PENNSYLVANIA 15136

E.O. 11652: N/A

SUBJECT: CABLE TO TAYLOR WILSON- MANUFACTURING COMPANY

I HAVE BEEN APPROACHED BY YOUR AGENT IN BUENOS AIRES,

HARRY HORWITZ OF ROPALL-INDARMENT, ABOUT A KNOTTY
FINANCING PROBLEM HE HAS IN ATTEMPTING TO SELL ONE OE
YOUR TUBE HYDROTESTERS TO GENARO GRASSO SA OE ARGENTINA.

HARRY TELLS ME YOU ARE RELUCTANT TO AGREE TO THE
FINANCING TERMS PROPOSED BY THE CUSTOMER, AND THAT
THIS PUTS THE SALE IN JEOPARDY. I HAVE BEEN ASKED
TO CONFIRM TO YOU THE FACT THAT ARGENTINE FIRMS
IMPORTING CAPITAL GOODS FROM ABROAD, REGARDLESSS OF
ORIGIN, ARE REQUIRED BY LAW TO OBTAIN CERTAIN MINIMUM
EXPORT FINANCING TERMS. I CAN CONFIRM THAT CIRCULAR
641 AND 688 OF THE CENTRAL BANK OF ARGENTINA
REQUIRE THAT GENRARO GRASSO SA OBTAIN THE FOLLOWING
TERMS FROM THEIR SUPPLIERS: 5 PERCENT ON PLACING
ORDER, 10 PERCENT ON PRESENTATION OF SHIPPING
DOCUMENTS AND THE BALANCE IN EQUAL SEMIANNUAL
PAYMENTS OVER TWO YEARS WITH A GRACE PERIOD OF 6
UNCLASSIFIED

UNCLASSIFIED

PAGE 02 BUENOS 03984 31 2239Z

MONTHS. (DESPITE THIS I AM INFORMED THAT YOUR
CUSTOMER IS WILLING TO PAY THE REMAINING 95 PERCENT OF
THE TOTAL UPON PRESENTATION OF SHIPPING DOCUMENTS, FOR WHICH
THEY COULD INCUR A PENALTY UNDER THE LAW). I CAN FURTHER
CONFIRM THAT THE TERMS OF CIRCULARS 641 AND 688 ARE WIDELY
ACCEPTED BY EXPORTERS OF CZPITAL GOODS TO ARGENTINA AROUND
THE WORLD. THIS OF COURSE, IMPLIES THAT THESE TERMS ARE

Margaret P. Grafeid Deciassified/Reieased US Department of State EO Systematic Review 22 May 2009

Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 22 May 2009

LIKELY TO BE ACCEPTED BY YOUR COMPETITORS. IT IS MAY
RECOMMENDATION TAT YOU TOO ACCEPT THEM IF YOU WISH TO
CONDLUDE THIS SALE.

I WOULD BE PLEASED TO ANSWER ANY QUESTIONS YOU MAY HAVE
IN THIS REGARD. BEST WISHES. SINCERELY.

SIGNED: PETER E. JONES, COMMERCIAL ATTACHE, U.S. EMBASSY
BUENOS AIRES, ARGENTINA.

CHAPLIN

NOTE BY OC/T: PASSED ABOVE ADDRESSEE.

UNCLASSIFIED

NNN

Margaret P. Grafeid Deciassified/Reieased US Department of State EO Systematic Review 22 May 2009

Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 22 May 2009

Message Attributes

Automatic Decaptioning: X

Capture Date: 01 -Jan-1 994 12:00:00 am

Channei indicators: n/a

Current Classification: UNCLASSIFIED

Concepts: n/a

Control Number: n/a

Copy: SINGLE

Sent Date: 31 -May-1 977 12:00:00 am
Decaption Date: 01 -Jan-1 960 12:00:00 am

Decaption Note:

Disposition Action: n/a
Disposition Approved on Date:

Disposition Case Number: n/a
Disposition Comment:

Disposition Date: 01 -Jan-1 960 12:00:00 am
Disposition Event:

Disposition History: n/a
Disposition Reason:

Disposition Remarks:

Document Number: 1977BUENOS03984

Document Source: CORE

Document Unique ID: 00

Drafter: n/a

Enclosure: n/a

Executive Order: N/A

Errors: N/A

Expiration:

Film Number: D7701 94-0277

Format: TEL
From: BUENOS AIRES
Handling Restrictions: n/a
Image Path:

ISecure: 1

Legacy Key: Iink1977/newtext/t1977054/aaaaacwj.tel

Line Count: 72
Litigation Code IDs:

Litigation Codes:

Litigation History:

Locator: TEXT ON-LINE, ON MICROFILM

Message ID: ebe4cc8f-c288-dd1 1-92da-001cc4696bcc

Office: ACTION COME

Original Classification: UNCLASSIFIED

Original Handling Restrictions: n/a

Original Previous Classification: n/a

Original Previous Handling Restrictions: n/a

Page Count: 2

Previous Channel Indicators: n/a
Previous Classification: n/a
Previous Handling Restrictions: n/a
Reference: n/a
Retention: 0

Review Action: RELEASED, APPROVED
Review Content Flags:

Review Date: 22-Mar-2005 12:00:00 am
Review Event:

Review Exemptions: n/a
Review Media Identifier:

Review Release Date: n/a
Review Release Event: n/a
Review Transfer Date:

Review Withdrawn Fields: n/a
SAS ID: 2453442
Secure: OPEN
Status: NATIVE

Subject: CABLE TO TAYLOR WILSON- MANUFACTURING COMPANY 1 HAVE BEEN APPROACHED BY YOUR AGENT IN BUENOS AIRES,

HARRY HORWITZ OF ROPALL-INDARMENT, ABOUT A KNOTTY

TAGS: BEXP, BGEN, TAYLOR WILSON MANUFACTURING CO

To: STATE

Type: TE

vdkvgwkey: odbc://SAS/SAS.dbo.SAS_Docs/ebe4cc8f-c288-dd1 1 -92da-001 cc4696bcc
Review Markings:

Margaret P. Grafeld
Declassified/Released
US Department of State
EO Systematic Review
22 May 2009

Markings: Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 22 May 2009

Margaret P. Grafeld Declassified/Released US Department of State EO Systematic Review 22 May 2009